Bitcoin: Hits $78,000 as Bear Market Ends

Bitcoin trades at $78,000 per coin after Michaël van de Poppe posted that the bear market is most likely over on the back of a strong daily candle for BTC.

Earlier commentary from the same analyst targeted a retest of $68,000 in early August before a breakout above $75,000, a path that has now materialized into fresh highs.

Price action on the 4-hour chart shows BTC testing upper Bollinger Band resistance at $77895.6 while RSI(14) sits at 94.61 in overbought territory, yet the MACD golden cross at 3086.4 keeps the structure bullish above EMA50 support at $67135.69, suggesting any pullback would likely find bids at that level before further continuation in this BTC price prediction scenario.